EBA ROUNDTABLE ON SANDBOXES AND REGULATION
Following the successful completion of the FCA regulatory sandbox programme in August 2018, Moneyfold was invited to share its experiences at an EBA roundtable on regulatory sandboxes and innovation hubs. The roundtable took place in early September at One Canada Square, Canary Wharf. In its own words “The European...
READ MOREREGULATORY SANDBOX COMPLETION
The FCA regulatory sandbox has been a unique and appropriate engagement model for Moneyfold. If it were not for the sandbox, we may have moved to Switzerland or Singapore or another jurisdiction with a proportionate regulatory approach. Credit to the FCA for effectively pursuing their mandate on competition and...
READ MOREIF AT FIRST YOU DON'T SUCCEED, TRY, TRY, AGAIN
Unfortunately, our launch in October 2017 was not successful. Upon receiving the go-ahead from the regulator, our bank decided to pull out last minute. They spent 3 weeks giving incoherent excuses trying to make it sounds like it’s our fault that they don’t want to bank us. Ultimately, we...
READ MORELAUNCHING OCTOBER 2017
To be able to legally operate in the United Kingdom we have registered Moneyfold Ltd with the Companies House. We also need to comply with financial regulations. For example, on the level of the European Union there are directives, which are then implemented by each member-state in the form...
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